CATL has paid 1 million liquidated damages to the founder of Haichen Energy Storage for violating the non-competition agreement, and responded that it was true

According to news from this site on November 29, the China Trial Publicity Network announced a non-competition dispute case between Haichen Energy Storage and CATL. The trial process revealed that Wu Zuyu, the founder of Haichen Energy Storage, violated the non-competition agreement and poached talents from CATL.

According to the court announcement, Wu Zuyu violated the non-compete agreement. In September 2023, the arbitration committee ruled that Wu Zuyu should pay liquidated damages of 1 million yuan to Ningde Times. Wu Zuyu agreed with the arbitration committee’s decision. On September 23, he paid 1 million yuan in liquidated damages to CATL through his wife Lin Xiuhua (former legal representative of Haichen Energy Storage), and noted in the note "Ninglaoren Zhong Case (2023) No. 191 Award for breach of contract" Jin”

According to The Paper, CATL has confirmed the above facts

According to public information, Haichen Energy Storage was established in Xiamen, Fujian Province on December 27, 2019. It mainly operates Energy storage battery manufacturing and energy storage technology services and other businesses. Since its establishment, Haichen Energy Storage has become a dual key construction project of Fujian Province and Xiamen City, and has been selected as one of Xiamen City’s “Three Highs”, a city key industrial enterprise, and a national high-tech enterprise. According to the latest statistics from the authoritative organization InfoLink Consulting, by the first three quarters of 2023, the top five companies in terms of total energy storage battery shipments are CATL, BYD, Yiwei Lithium Energy, Ruipu Lanjun and Xiamen Haichen. Among them, Haichen's shipment scale has also reached more than 8GWh

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